A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. The management decides to evaluate the satisfaction surveys of its next 40 customers. The dealer will be fined if the number of customers who report favorably is between 10 and 16. The dealership will be dissolved if fewer than 10 customers report favorably. It is known that 70% of the dealer's customers report favorably on satisfaction surveys. a. What is the probability that the dealer will be fined? Note: Round your final answer to 4 decimal places. Probability b. What is the probability that the dealership will be dissolved? Note: Round your final answer to 4 decimal places. Probability
A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. The management decides to evaluate the satisfaction surveys of its next 40 customers. The dealer will be fined if the number of customers who report favorably is between 10 and 16. The dealership will be dissolved if fewer than 10 customers report favorably. It is known that 70% of the dealer's customers report favorably on satisfaction surveys. a. What is the probability that the dealer will be fined? Note: Round your final answer to 4 decimal places. Probability b. What is the probability that the dealership will be dissolved? Note: Round your final answer to 4 decimal places. Probability
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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